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2009-11-04 23:54:00

LPS R. E. to Provide Long & Foster With Neighborhood & School Reports

 

LPS Real Estate Group, a wholly owned subsidiary of Lender Processing Services, Inc. (NYSE: LPS), announced today that Long & Foster Real Estate, the largest real estate company in the Mid-Atlantic region, has selected LPS Real Estate Group’s Neighborhood & School Reports to be the exclusive provider of this critical consumer content for their company. 
 
National Association of REALTORS® research suggests that 67 percent of consumers cite neighborhood quality as a deciding factor in the real estate purchase. Additional research also states that school quality is among the three most important reasons why Americans move. LPS Real Estate Group’s School & Neighborhood Report data comprises more than 100 different school and neighborhood data elements, including housing trends and statistics, demographics, local economic information, school, environment and quality of life covering all 50 states. 
 
The data, which can now be found on Long & Foster Real Estate’s Web site (www.longandfoster.com), is aggregated from multiple sources, including U.S. Government census data, FBI crime statistics, state and regional education boards/districts and the National Weather Service. This neighborhood data is completely integrated within each property listing and the site overall.
 
“We know that neighborhood and school information is of primary importance when consumers choose their homes, and we’ve conducted an extensive search to select a company that could provide the most comprehensive and timely data to meet the needs of today’s buyers,” said Michael Koval, senior vice president and chief information officer of Long & Foster Real Estate.  “We are confident that the new Neighborhood and School information from LPS Real Estate Group will provide high quality, in-depth analysis and insights to help our customers make the best choice for their new home.”
 
Unlike many other data aggregator services that only provide information covering the ZIP-code level, the LPS Real Estate Group’s School & Neighborhood Reports are much more comprehensive – zeroing down to the Census Block Group Level.  The data can be provided in multiple formats and can be completely customized to display exactly what customers are looking for in a particular neighborhood. Data and statistics for all states are included to provide location comparison information for buyers moving across states, relocating, or buying vacation homes.
 
“We are committed to providing our clients with timely, comprehensive and useful data  so they, in turn, can provide their customers with the information they need to make the most informed choices possible,” said John Hensley, chief product and technology officer, LPS Real Estate Group. 
 
For more information regarding the LPS Real Estate group’s School & Neighborhood Reports, please contact Larry Ross at (949) 681-4793 or larry.ross@lpsvcs.com.  
 
About Lender Processing Services
 
LPS is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (Desktop) portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by volume are serviced using LPS’ Mortgage Servicing Package (MSP). In fact, many of the nation's top servicers rely on MSP, including eight of the top 10 and 14 of the top 20. LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, please visit www.lpsvcs.com.
 
Long & Foster® Real Estate, Inc. is the largest privately held residential real estate company in the United States. The company is part of The Long & Foster® Companies, which also includes Prosperity Mortgage® Company; Long & Foster Insurance Agency, Inc.; and Long & Foster Settlement Services. Long & Foster Real Estate, Inc. has more than 13,000 sales associates in seven Mid-Atlantic states, plus the District of Columbia. The company sold more than $26.4 billion worth of homes and 76,714 properties in 2008. The Long & Foster Companies 2008 combined sales for the year were in excess of $48.9 billion.
 
 
 
Laura Buser
VP, Marketing & Communications
LPS Real Estate Group
 
(o) 949.681.4852
(f) 949.681.4918
(c) 949.400.0110
 

 

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